The company is experiencing difficulties especially in China. The business also forces the high cost of the United States modernization and duties.
Porsche gets into the automotic business, that is, without considering the financial services, only 154 million euros in the last quarter. The income collapse reached nearly 91% compared to the same period last year, when Porsche’s income reached 1.7 billion euros. Brand income has reduced by about 12.9% and costs more than 8.3 billion euros. Bild reported it.
It is noted that, like some other automakers, the company is experiencing difficulties especially in China. Recently, the CEO leadership led by CEO Oliver Bloom has announced a reduction in PRC sales. High costs for the modernization and duties of the United States are also forced into business. In addition, significant investments require the gradual development of the manufacture of electric vehicles.
Porsche Management aims to reduce 1900 jobs at Stuttgart by 2029. Other plans to reduce costs have been developed.
Remember that in the first half of 2025, German sports cars Porsche recorded a reduction in a 6%sales sales, setting 146391 a car worldwide.
Earlier it was reported that Porsche began preparing for regulatory changes about batteries.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.